Free Online Tools for Managing Money

Posted on 07/24/2008

Spending your hard earned cash on software that tracks how you spend your hard earned cash seems a little, well, pointless. Now there are dozens of free online tools to help you manage your money. Here are a few of the best.

If you have more than one bank account, Buxfer can help. By using Buxfer you won’t have to log on to several different sites just to check your balances. All of that information will be in one place. Categorize your spending and Buxfer will tell you exactly how much you’re forking out on gas. (If you’re brave enough to find out.) Another neat feature with Buxfer is that you can track shared expenses. If you’re splitting rent or cable bills with roommates, Buxfer will do the math for you.

BudgetTracker, Inc is cool because it integrates all of your accounts and ties them together on an easy-to-read calendar. BudgetTracker will send you reminders so all of those bills get paid on time. A limited subscription is free.

New to budgeting? With PearBudget, in less than 20 minutes you’ll have a spending plan to get you started. PearBudget also allows you to input receipts and create a spending record. PearBudget then uses your spending plan and your spending record to create a budget. PearBudget is free for the first 30 days. After that it’ll cost you $3 a month.

According to PC World, Mint is a “top rated online finance service.” Mint is a free tool that lets you track all of your accounts in one place. Mint creates pie charts so you can easily review your spending habits. You’ll get alerts about bank fees, upcoming bills and low balances. Also, Mint will let you know about credit cards that have lower interest rates or savings accounts that have higher interest rates.

Wesabe is kind of like Facebook with a financial feel. It combines money management tools with a social community. Is your goal to get out of debt? Pay off the mortgage? Buy a boat? Wesabe will help you achieve it. At Wesabe, you can ask questions, share advice and set goals. Signing up is free and that’s just a smart money move.

By Alison Storm

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Posted on 03.14.10 at 11:05 PM

For freelancers or small business owners, here's another free online tool for managing money. It's a free online invoicing tool from Sage Software called Billing Boss (

I used to find it hard knowing who owes me what. Billing Boss allows you to track outstanding invoices, and who paid you - allowing you to get paid faster. I used to procrastinate creating invoices because it was a hassle but I love it now because I can create invoices in a minute or convert quotes into invoices. Oh, and when I invoice with their add-on feature, I can present clients with the option to pay immediately online.

It's pretty cool. I am a business owner (and a contractor of Sage). Once I found out about Billing Boss, I have been using it and now I know where my money is.

Note: This author has been compensated by Sage.

Ellen S.

Posted on 05.15.10 at 10:53 PM

I think most people would agree that saving money is something “easier said than done”. Personally, I believe it’s a mind-set that needs to be developed by creating good money-saving habits.

Here are some things I’ve done to help change my spending habits:

- Cook more at home  Eating out is very expensive especially if you do it a couple times a week
- Try shopping online  You can find better deals than in the store and you save on gas
- Pay the full balance on credit cards each month  Interest charge is like giving away free money
- Don’t forget to pay yourself  Set up an online savings account (they pay higher interest than a normal savings account)
- Set a budget and goals  It’s good to have your goals written down so you see them everyday and don’t lose focus on your ultimate objectives

Again, saving money requires a lot of patience and hard work. However, you’ll thank yourself later on in life. Good luck everyone!! =)

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